You Can’t Time the Market | Morgan Stanley at Work
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The text recommends utilizing stock plan awards to achieve financial goals, plan for retirement, and fund major life events. This plan can be optimized using personalized guidance on Non-Qualified Deferred Compensation (NQDC) plans, guidance from financial advisors, and benefits from modern banking. Investors can also take advantage of self-directed trading, investment accounts, and various offers and discounts on popular wellness, travel, apparel, gifts brands, and more.
Market timing, a strategy where investors attempt to predict market shifts to maximize gains and avoid losses, is discouraged due to its difficulty and potential penalties. It’s hard to forecast future stock market movements and missing out on just some days in a market cycle can considerably reduce returns. Additionally, transaction costs from buying and selling stocks and potential capital gains taxes can reduce overall profit. Instead, investors are advised to create and adhere to a personal financial strategy that considers long-term goals and current market opportunities.
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